SUPERNEWS

Macro

Inflation Data Anticipation Spurs Market, Key Stocks to Watch

Investors eye inflation data for Fed clues, as Oracle, Acadia, and Vail Resorts stocks make significant moves.

By Alex P. Chase

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3/12, 05:03 EDT
S&P 500
iShares 20+ Year Treasury Bond ETF
iShares 7-10 Year Treasury Bond ETF
Advance Auto Parts Inc.
Vail Resorts, Inc.
Oracle Corporation

Key Takeaway

  • Oracle, Acadia Pharmaceuticals, and Vail Resorts are key stocks to watch today amid U.S. inflation data anticipation.
  • Asana reports a narrower-than-expected fiscal Q4 loss; forecasts Q1 adjusted loss of 8-9 cents/share with revenue up 10-11%.
  • Advance Auto Parts appoints three new directors after Third Point's push, stock rises 24% in 2024 despite a 12-month decline of 38%.

Anticipation Builds Ahead of Inflation Data

Stock futures saw an uptick on Tuesday as investors and market participants eagerly awaited the release of U.S. inflation data. The consensus among market watchers is that the data will show a stabilization in price growth, potentially offering clues about the Federal Reserve's future monetary policy direction. This anticipation underscores the critical role inflation figures play in shaping expectations for interest rate movements and overall market sentiment.

Key Stocks in Focus

Several companies were in the spotlight due to various developments:

  • Oracle (ORCL) experienced a surge in after-hours trading, buoyed by cloud deals and AI demand.
  • Acadia Pharmaceuticals (ACAD) saw its stock decline by 15% following the announcement of disappointing results from a Phase 3 trial.
  • Vail Resorts (MTN) reported a decrease in stock value after releasing results that were impacted by lower visits and snowfall.
  • Asana reported a fiscal fourth-quarter loss narrower than analysts' expectations but saw its stock fall by 2.2%.
  • Advance Auto Parts announced the appointment of three new directors and cooperation agreements with activist investors, leading to a stock price increase.

These movements highlight the diverse factors driving individual stock performances, from earnings reports and strategic corporate actions to clinical trial outcomes.

Market Indices and Treasury Yields

The broader market indices and futures, including the Dow Jones, S&P 500, and Nasdaq, along with Treasury yields, are closely monitored as indicators of overall market health and investor sentiment. Ahead of the inflation data release, the 2-year and 10-year Treasury yields experienced significant movements, reflecting the market's sensitivity to interest rate expectations and economic forecasts.